All Forum Posts by: Pearly Tan
Pearly Tan has started 11 posts and replied 67 times.
Post: Is it a bad time to invest with the upcoming recession?

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Check out this article:
https://www.biggerpockets.com/blog/real-estate-investing-timing-market-bad-idea
Post: Can i choose the amount i want to insure for?

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Also keep in mind if you have a loan on the property, the lender will also require a level of satisfactory coverage.
Post: Notary Loan Signing Agent

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Check out BP Money podcast #74 on this exact side hustle...
Post: Indianapolis Conventional Mortgage Lender Recommendation

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Maybe a portfolio product that covers all your properties that doesn't have all the conventional requirements may be an option.
Post: Any insurance tips for the first SFH?

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Let me know if you are still looking for some insurance contacts. I can pass two contacts along.
Post: Cash-out refi rules for non-owner occupied properties

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
@Eric Veronica, @Chris Mason Hmm maybe it was an old experience for her, not sure...it wasn’t clarified, which is why I’m confused. This podcast was from April 2019 so it’s fairly new.
Post: What is your biggest roadblock right now in real estate investing

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Capital...always need more capital. Hopefully I can find someone to JV on some deals some time in the future.
Post: Cash-out refi rules for non-owner occupied properties

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
I heard on a podcast (not BP) that you will not be able to cash-out refi on any non-owner occupied properties once you hit 5. I believe she said this was with conventional loans. I can't seem to find any bank guidelines that support that statement.
Experienced investors, can you please share your thoughts? If that is true with the above, then what's the point of having 10 golden tickets?
Thanks!
Post: Would you do this deal?

- Rental Property Investor
- NJ
- Posts 70
- Votes 26
Would you be able to increase rent with some minor upgrades and/or through rent renewals?
Post: Location, location, location... Whole foods

- Rental Property Investor
- NJ
- Posts 70
- Votes 26